Spectator on facebook

Spectator on facebook

FOCUS SHORT

Holcim and VSH to merge in Slovakia

ROHOŽNÍK-based construction materials producer Holcim (Slovensko) has started the process of merging with Východoslovenské Stavebné Hmoty (VSH) based in Turňa nad Bodvou, the SITA newswire reported on November 3. For now the companies will continue to operate independently with their own managements, but will merge fully in the near future.

ROHOŽNÍK-based construction materials producer Holcim (Slovensko) has started the process of merging with Východoslovenské Stavebné Hmoty (VSH) based in Turňa nad Bodvou, the SITA newswire reported on November 3. For now the companies will continue to operate independently with their own managements, but will merge fully in the near future.

“We hope that the merger will be over in 2012, but we cannot confirm this for now,” said Peter Robl, spokesperson of Holcim.

Antitrust authorities in Slovakia, Hungary and Austria have already okayed the increase in the share which Holcim holds in VSH to 100 percent. Holcim CEO Alan Šišinački has become head of the board of directors at VSH.

The move will see the Holcim group further strengthen its position in Slovakia. The merger should result in the creation of a leading supplier of construction materials and services with more than 1,000 employees, two cement mills and a network of concrete plants and gravel pits across Slovakia.
Holcim (Slovensko) is the biggest producer of construction materials in Slovakia. It is part of the Holcim group, one of the world’s biggest cement producers.

Topic: Real Estate


Top stories

The normalisation of our relations has grown

Most people want the EU to exist in the future – we just have to mobilise this majority and not take things for granted, says Austrian Ambassador to Slovakia Helfried Carl in an interview with The Slovak Spectator.

Austrian Ambassador Helfried Carl

Fico for better fish fingers

It’s true that in the past four months, Mr Fico has been comparatively less busy than his Visegrad Group partners.

Austrian fish fingers angered PM Fico.

12 places where you can see the works of one of the best medieval wood carvers Photo

The works of the renowned Master Paul are not limited just to Levoča.

St Geirge Curch in Spišská Sobota

Ukrainian caught beauty of Nitra in video Video

The city under Zobor is beautiful also from a bird’s perspective.